Power Systems Research (PSR) is an international research company based in St. Paul, Minnesota, USA. It operates a second North America office in Detroit, Mich., and has offices in five other countries. PSR analysts have been collecting and analyzing global engine and powertrain data and information since 1976, and we use this data to develop targeted forecasts by industry segment and region.
Our team of experienced analysts works with OEMs, engine and component manufacturers, dealers, fleet managers and industry experts to compile detailed and focused data that has become an industry standard. It’s the leading source of global information on engines and power equipment powered by IC and alternate sources. Whether you need detailed global data, forecasts or customized local market studies, we can provide you with Data, Forecasting and Solutions. Let’s start today.
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EPA Introduces Phase Three GHG Emission Standards
NORTH AMERICA REPORT
Chris Fisher In early May, the Environmental Protection Agency (EPA) held a virtual public hearing regarding the Phase 3 greenhouse gas emission standards for heavy duty trucks. There are various comments and opinions from the stakeholders that attended the hearing. Along with introducing the Phase 3 Greenhouse Gas (GHG) rules to begin for MY 2028 trucks, the EPA also revised the Phase 2 GHG standards for the MY 2027 truck standards.
This link from CCJ (Commercial Carrier Journal) is a good overview of the conference.
CCJ: ‘Destined to fail’: Trucking sounds off to EPA on new Phase 3 greenhouse-gas regs
The Environmental Protection Agency this week held virtual public hearings related to its Phase 3 greenhouse gas emissions standards for heavy-duty trucks, unveiled last month. Among the dozens who testified during the hearings, trucking industry stakeholders were part of a small minority advocating for EPA to take a step back and reconsider the proposed standards that would take effect beginning with model-year 2027 trucks.
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2032 Marine Inboard Market Forecast: $4.45B
GLOBAL REPORT
Michael Aistrup The global marine inboard engines market is expected to grow from $2.75 billion in 2022 to $4.45 billion by 2032 at a CAGR of 5.1%, according to forecasts by Power Systems Research.
A marine inboard engine is a reciprocating engine mounted within a boat’s hull. It is a four-stroke engine that has been modified for maritime usage. The engine spins a drive shaft that passes through the hull and is connected to a propeller. While outboard engines must be periodically serviced to ensure they remain watertight, inboard engines typically do not require much maintenance. Additionally, inboard engines tend to be more fuel-efficient than outboards.
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Cummins To Invest $1 Billion in US Hydrogen Fuel Network
Cummins has announced that in addition to the recent investments it has made in its Fridley, Minn., plant, it will also invest more than $1 billion across its US engine manufacturing network in an effort to support the transition into hydrogen fuel.
The investments are being made in Indiana, North Carolina and New York. The $1 billion is intended to provide an upgrade of facilities supporting the first “fuel-agnostic” engine platforms in the industry. The fuel-agnostic concept refers specifically engines that can use different types of fuel, especially a variety of low-carbon and zero-carbon fuels.
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VW To Build Its Largest Battery Factory In Canada
The battery division of Volkswagen Group, PowerCo SE, said it plans to construct its biggest battery gigafactory to date in St. Thomas, Ontario, Canada. A potential final expansion stage could produce up to 90 GWh of batteries annually.
This will be the company’s first overseas gigafactory for cell production, and it will provide the company’s BEVs in the North American region with their unified cells technology, a cell technology created for mass production. Construction is expected to start in 2024 and be completed in 2027.
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Caterpillar and NMG Sign Circular Supply Chain Deal
Nouveau Monde Graphite Inc. (NMG) and Caterpillar Inc. have signed agreements to provide a zero-exhaust emission fleet, supporting infrastructure, and service for NMG’s Matawinie Mine. Caterpillar will supply heavy mining equipment to transition from traditional models to Cat zero-exhaust emission machines.
Additionally, a non-binding memorandum of understanding (MoU) has been signed between the two companies to advance commercial discussions targeting NMG’s active anode material.
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2030 PWC Market May Hit $3.01 Billion
Michael Aistrup Personal watercraft (PWC), often known as a jet ski, is a watercraft that can carry as many as three people. A PWC Sit-Downs is defined as a vessel specifically designed to haul up to three riders in a sitting position, one in front of another. A PWC Stand-Up is a type of PWC designed for one rider standing or kneeling on the watercraft.
The PWC has wide uses, ranging from recreation and racing to many types of utility. PWCs are used to help with rescue missions as they are small, fast, and easy to operate. Local and county law organizations use PWCs to ensure the safety and security of persons engaged in watersports.
Market Size. According to Power Systems Research, the global market size for PWCs is expected to grow at a CAGR of 5.7% between 2022 and 2030. Global revenue for 2030 is forecasted to be $3.01 billion.
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Achieving Peak Efficiency in Diesel Technology
Guy Youngs Many leading construction companies now are looking at ways they can reduce their CO2 footprints. With the advent of market-ready electrified powertrains, gas-fueled internal combustion and even fuel cell electric drives, where does the push for CO2 reductions leave diesel power?
Diesel technology has made real improvements. With cleaner combustion cycles, the introduction of low-carbon fuels and advanced emissions treatment hardware, diesel has never been cleaner. Diesel engines are so…
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Compact Track Loaders Eat into US Skid Steer Market
The past decade has seen compact track loaders (CTLs) eat into the market share held by skid steer loaders in the US, before overtaking sales of their wheeled counterparts completely. In 2012, there were 36,125 skid steer loaders sold in North America, compared to 21,500 sales of compact track loaders. By 2022, that number had jumped to 93,000 compact track loader sales, compared to 30,000 skid steer sales.
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Global ICE Industry Cliff Is Here
This article includes an important graph showing vehicle production numbers between 2015 and 2026, (projected for 2023–2026) which are based on historic BEV growth data and trends. Hybrids are lumped in with ICE cars and are shown as a preference over full BEVs which is clear in the data.
The chart shows that the overall auto industry has declined from its peak in 2017–due to the pandemic and chip shortage–before it started to recover in 2021. This chart/model is conservative in predicting industry growth at 1.6% y/y going forward and BEV growth at 50% for 2023 (average BEV growth was 57% for the past 7 years)
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20-Year Changes in Top Construction OEM Hierarchy
A new animated chart shows the dramatic changes in the evolving hierarchy of the biggest construction equipment manufacturers over 20 years. The chart draws on data from International Construction’s Yellow Table, which tracks the top 50 construction OEMs across the world. The data stretches back to 2003, and up until the latest version in 2022.
Source: International Construction: Read The Article
PSR Analysis: This animated chart is especially interesting in that it allows you to track the growth of…
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